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The Collapse Of The First Republic Bank .. And Jpmorgan Bank Intervened To Save - Politics - Nairaland

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The Collapse Of The First Republic Bank .. And Jpmorgan Bank Intervened To Save by SummaryChannel: 5:46pm On May 03, 2023
The collapse of the First Republic Bank .. and JPMorgan bank intervened to save it | Is Egypt affected after the statements of Samih Sawiris?


https://www.youtube.com/watch?v=cObscUYifD4

This episode of Samry TV goes back to the issue of bankruptcy of American banks. Where the US government announced that First Republic Bank was offered for sale, following its failure to meet the demands of depositors who withdrew about $100 billion from their deposits in the bank since the beginning of this year for fear of bankruptcy. It was announced that the famous J.P. Morgan Bank had acquired the First Republic in a deal that not only increased Morgan's shares on the Wall Street Stock Exchange, but also will increase the bank's control over the financial deposits of Americans.
On the other hand, the American media said that Democratic Representative Lois Franklin sold her shares in First Republic Bank in exchange for buying shares in JP Morgan last March, that is, before confirming the collapse of the First Republic or selling it to Morgan, which prompted her to accuse her of obtaining information in a manner Illegal members of her party within the US government.
Finally, the episode refers to US President Joe Biden announcing his candidacy again for the presidency in the United States next year 2024, with an emphasis on the clear refusal prevailing in the American street to re-elect the 80-year-old Biden for a second term, after a first presidential term that seemed mostly lost.

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